Latest in Tag: interest Highlight
Latest in Tag: interest
Increased inflation in November makes Egypt’s interest fate open to speculation
Central Bank of Egypt to reduce interest rates by 50-100 basis points: Banking pundit Abdel-Aal
Germany pays great interest to Egypt’s education market
German higher education experience in Egypt is considered one of European country’s most successful experiences for in this field
ITIDA, Banque Misr cooperate financing ICT-focused SMEs at 5% interest
Protocol aims to provide appropriate, encouraging financing climate for SMEs working in Egypt’s ICT sector, says Amr Talaat
Cairo Chamber of Commerce calls for adding commercial, service sectors in CBE’s 5% interest loans
Move is to protect commercial sector and allow it to fulfil obligations
Beltone expects interest cuts by 300 basis points in 2020
In a research article, Beltone expected the Central Bank of Egypt (CBE) to continue monetary easing through interest rate reductions by about 300 basis points in 2020. The article also predicts that the CBE will keep interest rates unchanged after the next Monetary Policy Committee (MPC) meeting scheduled for 16 January. This will be in …
HC expects CBE to cut interest 0.5% during its next meeting on 26 December
We expect annual inflation to rise in December to 7.3%, which is much less than the CBE’s target, in line with the monetary easing policy, says Monette Doss
Beltone forsees 0.5% interest rate cut in CBE’s coming meeting, 3% cut in 2020
We do not expect pressure on local currency after interest cut, exchange rate will average EGP 16-17 per US dollar, says Mamdouh
Economists unanimously believe CBE will cut interest rates on Thursday
EFG Hermes’s Abu Basha foresees 0.5% cut, Pharos’ El-Swaify and Sigma expect 1.5%
Private sector awaits further interest cuts to resume borrowing from banks: HC
Banks are likely to extend deposit maturity to grant long-term loans without exceeding interest risk limit set by CBE
Limited response from banks to CBE’s decision to cut interest in first week
Banks move interest on variable yield certificates, others cut interest on deposits, savings accounts
CBE pays EGP 114.4bn of interest on Deposit Operation in FY 2017/18
Bank turns from profits of EGP 12.66bn in FY 2016/17 to losses of EGP 33.34bn in FY 2017/18
Strong expectations for new cut in pound interest on Thursday
MPC trimmed key interest rates by 2% since beginning of 2018 after inflation eased
MIGA sees increased interest from foreign investors in Egypt this fiscal year: Keiko Honda
Agency looking to support projects in Egypt for domestic, export markets, says the MIGA CEO
Qalaa Holding logs EGP 311.7m losses in Q3 on high interest expenses
Company revenues up 38% on account of strong growth from energy subsidiaries
High interest rates are favourable for awaited state-run companies IPOs- report
Expensive borrowing costs make listing attractive for companies as they search new avenues for their financing requirements
Foreign investments back to Egypt as FX crunch fades away
Government’s steps to amend economy lure investors to pour fresh cash
Egyptian banks benefit from strong net interest margin expansion: Arqaam Capital
Egyptian banking stocks have outperformed EGX30 by +10.5% year-to-date
Banks ignore CBE decision to raise interest, keep rates unchanged
Next increase may be on short-term vessels, interest on certificates will not be changed, say bankers
Raising interest on the pound is for the benefit of all: CBE governor
The CBE does not consider specific entities when making decisions, Amer said defending MPC’s decision
Egypt’s stocks under pressure as possible interest rate hike looms
The CBE delayed the meeting of its monetary policy committee to 21 May
FEDCOC urges parliament to solve high lending interest rate issue
The implementation of social and middle-class housing units will start within a week, Badr El-Din says
CBE expected to hold steady interest rates on Thursday
The increase of interest rates will not decrease inflation because it did not result from an increase in supply, says Youssef
$1.12bn offered for investment in T-bills
CBE received 33 offers, accepted 29 worth $1.09bn, with an interest average of 3.62%
Expectations of EGX’s rebound to continue towards 13,000 points this week
Analysts in the market expect the rebound of the Egyptian stock exchange (EGX) to continue this week towards the level of 13,000 points, supported by the decision of the Central Bank of Egypt (CBE) to fix the price of banking interest rates after last weeks’ trading experienced a loss of 800 in the leading index. …
Highly expected that basic interest to remain unchanged on Thursday
Current interest rates on the pound may remain unchanged for three to six months, says analyst
Interest remerging in MENA banks, especially Egypt, UAE, Saudi Arabia: HSBC Global Research report
Meetings with US fund managers and investors involved wide discussions on the Egyptian market and the Egyptian pound
Bright future for economy, critical for stock market, high interest rate is temporary: Prime Investment
Prime Investment bank said that floating the national currency is a great step that would push Egypt’s economy forward by eliminating the informal market and creating one price for foreign currencies, combined with decisions by the Supreme Council for Investment to help boost investments in Egypt. The bank believes that the supply of US dollars …
Some banks raise interest on savings vessels after CBE decision, public banks to follow suit
Some banks operating in the local market have quickly raised the interest they offer on some saving vessels in Egyptian pounds, following the Central Bank of Egypt’s (CBE) decision to raise its basic return by 3% on Thursday. Other banks are waiting until Sunday to follow suit. Time constraints and the absence of Asset-Liability Committee …
Banks looking forward to returns on debt instruments following Egyptian pound’s flotation, raising interest by 3%
The average return on initial treasury bills increased by 3.6% and exceeded 20% following the CBE’s decision
CBE expected to increase interest rate by 1% on Thursday
High inflation, application of VAT would raise Egyptian pound’s interest rate by 2% by the end of 2016, says analyst